Piper Sandler Maintains Overweight on HubSpot, Lowers Price Target to $655
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on HubSpot (HUBS) but lowered the price target from $675 to $655.

May 09, 2024 | 9:51 am
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Piper Sandler maintains an Overweight rating on HubSpot but lowers the price target from $675 to $655.
While the maintenance of an Overweight rating suggests continued confidence in HubSpot's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or slightly tempered expectations. This mixed signal is likely to have a neutral short-term impact on the stock price, as positive sentiment from the reaffirmed rating may be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100